Smartgroup Corporation Ltd · ASX:SIQ
Smartgroup — Shareholder Meeting (May 2016)
12 slides from Smartgroup's shareholder meeting presentation, May 5, 2016
Slide 1: Annual General Meeting 5 May 2016
For personal use only Annual General Meeting 5 May 2016 STRICTLY CONFIDENTIAL PAGE 0
Slide 2: Smartgroup had another successful year
Smartgroup had another successful year For personal use only Smartgroup today 1 - - Leading provider of salary packaging and fleet management services To government, health and corporate sector clients across Australia Continued growth across key financial and operational metrics 2 - - - Revenues of
Slide 3: Smartgroup has continued to achieve growth across all financial metrics
Smartgroup has continued to achieve growth across all financial metrics … For personal use only • CY2015 operating cash flow: $27.9m (vs NPATA $26.2m) • 2015 year end: Net debt/EBITDA ratio < 1.0x 1. 2015 EBITA and NPATA adjusted to exclude Advantage acquisition cost of $0.8m PAGE 2
Slide 4: Growth in salary packages and novated leases
... as well as growth in salary packages and novated leases … For personal use only PAGE 3
Slide 5: Maintained high customer service and staff engagement levels
… maintained high customer service and staff engagement levels … For personal use only In 2015 we achieved the highest audit score Maintained a highly engaged workforce in the history of the CSIA for the 5th consecutive year CSIA Audit Score Aon Hewitt Best Employer Score PAGE 4
Slide 6: Recent client renewals and wins
... with recent client renewals and wins … For personal use only Renewed a number of contracts including our largest, Department of Defence 2015 Client Wins YTD 2016 Client Wins Peter MacCallum Cancer Centre QLD Government2 NSW Health Pathology NSW Government3 South Eastern Sydney LHD Westpac4 Austr
Slide 7: Acquired businesses, each continue to do well
… acquired 3 businesses, each continue to do well ... For personal use only Completed acquisition of 50% Later in December 2015 completed Completed acquisition of selected share for $6m in December 2015, acquisition for $60.8m assets of Trinity Management with option to acquire remaining Group for $
Slide 8: Diversifying Smartgroup through complementary services
… diversifying Smartgroup through complementary services… For personal use only PAGE 7
Slide 9: Re-aligned our reporting to how we view the segments of the business
… and re-aligned our reporting to how we view the segments of the business … For personal use only Software, Outsourced Intersegment & Group statutory Vehicle Services Distribution and administration unallocated accounts Group Services 1 Company 2015 Revenues 74,976 5,501 23,061 (11,780) 91,758 ($’0
Slide 10: Building on our track record since inception
... and building on our track record since inception. For personal use only Group revenues Group EBITDA 100 40 90 35 80 30 70 Revenue $m 60 25 EBITDA $m 50 20 40 15 30 (1) (1) 10 20 10 5 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2002 2003 2004 2005 2006 2007 2008 2009
Slide 11: Closing remarks
Closing remarks For personal use only Strong financial performance in 2015: • Growth across all key financial and operational metrics • Net debt to EBITDA less than 1.0x • Cash flows greater than 100% of NPATA • 2H CY2015 dividend of 8.7 cps, fully franked, up 43% on pcp • Total CY15 dividends of 16
Slide 12: Important notice and disclaimer
Important notice and disclaimer (“Important Notice”) For personal use only Disclaimer This presentation has been prepared by Smartgroup Corporation Ltd (ACN 126 266 831) (“Smartgroup”) and is general background information about Smartgroup’s activities current as at the date of this presentation. Th